Rotten Rich

While the unemployment rate has fallen dramatically from 10% in 10/09 to 5.6% today, the number of persons employed is barely 2 million higher than it was before the Great Recession began in January 2008. It’s because the labor force participation rate has plummeted. Turns out the largest percentage declines in the LFPR are among wealthier teenagers and wealthier young adults aged 20 to 34